Converting a DC pension pot into a retirement income stream: Dr David Knox

Traditionally DB schemes provided pensions (sometimes indexed) and retirees had little to worry about,
provided the scheme was well funded or the employer was able to maintain long term support. However, as
pension scheme design is now changing around the world with the growth of DC arrangements, many retirees
face the bewildering task of ensuring that their lump sum lasts as long as they do. There is no simple answer.
The decumulation process is much more complex than the accumulation years. Dr David Knox will reflect on
the Australian experience, where there has
been a compulsory DC experience for 24 years, and the tensions
and options that providers, retirees and regulators face.